**Title of the Aircraft**


The title of the Aircraft
belongs to Minsheng. During the lease term, neither Party may sell or transfer possession of the Aircraft. Minsheng may pledge
the Aircraft or place other security interests on the Aircraft to the extent not to interfere with Henan Xinyuan’s ordinary
use of the Aircraft.


 


**Possession, Operation
and Use of the Aircraft**


During the lease term,
Henan Xinyuan has the right to possess, use or manage the Aircraft. Except in case of Henan Xinyuan’s default, Minsheng shall
not interfere with Henan Xinyuan’s use of the Aircraft and shall otherwise compensate Henan Xinyuan for direct losses as
a result of such interference. Upon Minsheng’s prior written consent, Henan Xinyuan may sublease the Aircraft as long as
it does not diminish the Aircraft’s value or affect Henan Xinyuan’s obligations under this Agreement.


 


**Damage and Destruction
of the Aircraft**


The risks of damage and
destruction of the Aircraft shall be borne by Henan Xinyuan. Henan Xinyuan bears the obligation of repairing the Aircraft in case
of damage. If the Aircraft is destructed, Minsheng may terminate this Agreement and issue Lease Termination Notice, attached to
the Agreement as Appendix VI; Henan Xinyuan shall make payments according to the Lease Termination Notice, following which Henan
Xinyuan shall obtain all interest to the Aircraft, including interest under insurance contracts.



**Insurance**